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London based payroll service to small, medium and large corporate companies.

Payroll

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UK PAYROLL SERVICES

  • Based in London
  • Payroll service to small, medium and large companies
  • Save up to 50% on payroll costs
  • From as little as £50 per month
Payroll QuoteLearn More

London based payroll service to small, medium and large corporate companies.

Our London based payroll department provide a high-quality payroll service to small, medium and large corporate companies, as well as companies setting up in the UK or employing staff in the UK for the first time.

TAKE THE STRESS OUT OF PAYDAYS

Our payroll department processes in excess of 100 payrolls for both UK and overseas businesses.

From as little as £50 per month, you will be assigned a named senior payroll manager, and utilising cloud based technology, will ensure a fast and accurate turnaround.

  • PAYE registration
  • Fortnightly, monthly payroll
  • Managing payment to employees/HMRC via BACS or Faster Payments
  • Bonus, commission and overtime payments
  • Payslip portal – cloud based portal for employee to access their payslips and P60s
  • Secure delivery and data exchange using cloud technology
  • HMRC and auto-enrolment compliant
  • Self-service for your staff via our employee portal
  • Guidance on Real Time Information (RTI), auto-enrolment and salary sacrifice schemes
  • Complying with maternity and sickness regulations
  • TRONC scheme management for restaurants, bars and hotels
  • Option to integrate HR advisory and consultancy
  • UK payroll company for overseas/international businesses and UK subsidiaries of overseas companies

Payroll Quote

To arrange an introductory meeting,
or for a quote, please complete the below form.





    Why partner with Prysm Financial?

    ✔ Save up to 50% on payroll costs,
    ✔ Digitally enhanced payroll function,
    ✔ Free up time and frustration,
    ✔ Dedicated account manager,
    ✔ Market leading payroll technology,
    ✔ An accurate, efficient and cost-effective service,
    ✔ Seamless transition.

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    Our specialist teams offer expert insight into the most topical issues affecting businesses and individuals right now.

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    R&D Tax Relief

    By

    Corporate Tax Relief

    RESEARCH & DEVELOPMENT TAX RELIEF

    • Business could be eligible to receive between 8.6p-21.5p for every £1 spent on qualifying R&D activities.

    R&D tax relief (also known as R&D tax credit) helps innovative businesses undertaking R&D related activity claim a generous corporation tax deduction or a cash refund from HMRC.

    R&D tax relief is a tax incentive from the UK Government designed to encourage companies to invest in R&D.

    The scheme has been around since 2000 and last year over 76,000 SMEs claimed almost £4.4bn in tax relief. see here for more R&D statistics.

    Pryam Financial’s specialist R&D tax team have provided an end-to-end service to existing clients, new businesses and our network of professional introducers.

    Our payroll department processes in excess of 100 payrolls for both UK and overseas businesses.

    From as little as £50 per month, you will be assigned a named senior payroll manager, and utilising cloud based technology, will ensure a fast and accurate turnaround.

    • PAYE registration
    • Fortnightly, monthly payroll
    • Managing payment to employees/HMRC via BACS or Faster Payments
    • Bonus, commission and overtime payments
    • Payslip portal – cloud based portal for employee to access their payslips and P60s
    • Secure delivery and data exchange using cloud technology
    • HMRC and auto-enrolment compliant
    • Self-service for your staff via our employee portal
    • Guidance on Real Time Information (RTI), auto-enrolment and salary sacrifice schemes
    • Complying with maternity and sickness regulations
    • TRONC scheme management for restaurants, bars and hotels
    • Option to integrate HR advisory and consultancy
    • UK payroll company for overseas/international businesses and UK subsidiaries of overseas companies

    UK R&D TAX SPECIALISTS

    To arrange an introductory meeting,
    or for a quote, please complete the below form.





      Why partner with Prysm Financial?

      ✔ ACCA regulated accountancy firm
      ✔ Significant R&D experience
      ✔ Dedicated and qualified R&D tax manager
      ✔ No upfront fee
      ✔ Dynamic and competitive pricing
      ✔ In-house tax specialists

      Trending

      Our specialist teams offer expert insight into the most topical issues affecting businesses and individuals right now.

      Filter

      UK DPNI scheme for overseas employers

      3 min

      How Prysm Financial primed Apoy for Growth

      3 min

      How Legare found Financial Clarity with Prysm Financial

      4 min

      How Apron helps Prysm Financial manage £2 million of monthly client payments with less risk

      3 min

      HMRC reminds restaurants and takeaways of VAT obligations on hot food

      2 min
      18/12/2024
      Private client tax and personal tax advice in London

      Personal Tax

      By

      Personal tax advice in London

      PERSONAL TAX ADVICE, PLANNING AND COMPLIANCE

      • Based in the City of London, EC4
      • HNWIs, City professionals, entrepreneurs, property/land owners
      • Relief claims including EIS and SEIS
      • Tax compliance
      • Income tax and capital gains tax planning
      • International tax
      • HMRC Tax investigations

      Based in the City of London EC4, we are ideally placed to review your personal tax affairs as well as recommend ways to reduce your liability to Income Tax, Capital Gains Tax and Inheritance Tax.

      We deliver a value-added service to private clients, high net worth individuals (HNWIs), executives, City professionals, entrepreneurs, company directors, sportsmen/women, entertainers, property/land owners, members of the legal and medical professions.

      SPECIALIST PRIVATE CLIENT TAX SERVICES

      We provide specialist private client tax services tailored to meet the individual circumstances of each client across a wide range of areas such as:

      • Private client tax and personal tax advice
      • Personal tax returns and self-assessment
      • Remuneration planning, including higher rate tax earners >£100,000
      • Capital Gains Tax and Business Asset Disposal relief (Entrepreneurs’ Relief)
      • CGT (60/30 day rule)
      • Non-resident landlords, including non-resident CGT
      • Seed Enterprise Investment Scheme (SEIS), Enterprise Investment Schemes (EIS)
      • Emigration, including tax advice for British citizens living or working overseas
      • Personal tax investigations including COP8, COP9 and Undisclosed Rental Income
      • International tax advice

      Personal Tax Advice

      To arrange an introductory meeting,
      or for a quote, please complete the below form.





        Trending

        Our specialist teams offer expert insight into the most topical issues affecting businesses and individuals right now.

        Filter

        UK DPNI scheme for overseas employers

        3 min

        How Prysm Financial primed Apoy for Growth

        3 min

        How Legare found Financial Clarity with Prysm Financial

        4 min

        How Apron helps Prysm Financial manage £2 million of monthly client payments with less risk

        3 min

        HMRC reminds restaurants and takeaways of VAT obligations on hot food

        2 min
        18/12/2024
        Leading accountants to restaurants, bars and hotels.

        Service Charge, Tronc and Troncmaster

        By

        Chartered Certified Accountants

        TRONC ADVICE & TRONCMASTER SERVICES

        • Specialist tronc advice
        • Independant troncmaster for restaurants, bars and hotels
        • Employment (Allocation of Tips) Act

        Dealing with cash tips, service charge and tronc has become a real concern for many restaurant and hospitality operators.

        Despite the negative press publicity and misunderstanding by the public, a correctly structured tronc can increase employees take home pay, reduce employer cost, and provide operators a means of recruiting, motivating and incentivising employees.

        When operated by an independant troncmaster, the distribution of service charge ensures fair and transparent allocation and exempt from national insurance contributions (NICs) for both employee and employer.

        Employment (Allocation of Tips) Act

        The Employment (Allocation of Tips) Act 2023 which came into effect on Tuesday, 1st October 2024 imposes a legal obligation on employers to distribute service charge (including tips and gratuities) to workers.

        In summary:

        • Employers are required by law to distribute 100% of service charge, tips and gratuities to workers from 1st October 2024.
        • Service charge, tips and gratuities must be distributed “fairly” between all workers.
        • The Employment (Allocation of Tips) Act 2023 further states that “Employers must take extra care to avoid indirect discrimination, which may be unintentional, which may be a risk when fewer tips are allocated to a group of workers which includes a disproportionate number of workers with a particular protected characteristic”
        • Service charge, tips and gratuities must be distributed no later than the end of the month, following the month in which the payment was made by the customer i.e. all service charge, tips and gratuities received in September much be paid to workers by the end of October.
        • Service charge, tips and gratuities received at or attributable to a single venue must be allocated amongst workers at that venue (i.e. cannot be pooled and distributed between venues), unless there is clear evidence that a site or non-public place of business provides direct support to a site such as Head Office.
        • Employers are prohibited from making deductions from tips including for credit card fees, bank charges, payroll or other administration costs and commissions. These costs must now be covered by the business.
        • Agency, temp and occasional workers are now given new rights and must be awarded service charge, tips and gratuities on the same basis as directly employed staff (with the exception of people who are self-employed, or invoicing through their own company).
        • Employers must keep a written tronc policy and keep detailed records. Workers will be able to see their employers tronc records (limit to one request per worker in a three month period) and have a right to bring a claim in the Employment Tribunal.
        • Employment Tribunals now also have the authority to enforce these rights and provide remedies in the event of breach. The remedies outlined under the Act include making a declaration that an employer has failed to comply with its obligations under the Act, ordering an employer to revise any tip allocation previously made or make a payment direct to a worker, and paying compensation for financial loss up to the value of £5,000.

        Independant Troncmaster and Troncmaster Services UK

        Prysm Financial Troncmaster Services are trusted tronc partners of some of the London’s leading Michelin-starred restaurants, fine dining restaurants, themed restaurant groups, hotels, franchises, individual bistros, gastro pubs, bars and pop-ups.

        Key Tronc and Troncmaster FAQs

        15/07/2024